GlaxoSmithKline Sees Unusually High Options Volume (GSK)

GlaxoSmithKline plc (NYSE:GSK) saw some unusual options trading on Tuesday. Stock traders acquired 32,352 put options on the stock. This is an increase of approximately 2,217% compared to the typical daily volume of 1,396 put options.

A number of institutional investors and hedge funds have recently made changes to their positions in GSK. FinTrust Investment Advisory Services LLC acquired a new position in shares of GlaxoSmithKline in the 3rd quarter valued at about $401,000. Private Advisor Group LLC lifted its stake in shares of GlaxoSmithKline by 7.2% in the 3rd quarter. Private Advisor Group LLC now owns 77,976 shares of the pharmaceutical company’s stock valued at $3,166,000 after purchasing an additional 5,212 shares during the period. San Francisco Sentry Investment Group CA lifted its stake in shares of GlaxoSmithKline by 110.3% in the 3rd quarter. San Francisco Sentry Investment Group CA now owns 8,749 shares of the pharmaceutical company’s stock valued at $356,000 after purchasing an additional 4,589 shares during the period. SG Americas Securities LLC acquired a new position in shares of GlaxoSmithKline in the 3rd quarter valued at about $1,209,000. Finally, Fulton Bank N.A. lifted its stake in shares of GlaxoSmithKline by 4.9% in the 3rd quarter. Fulton Bank N.A. now owns 75,269 shares of the pharmaceutical company’s stock valued at $3,056,000 after purchasing an additional 3,515 shares during the period. 9.66% of the stock is currently owned by hedge funds and other institutional investors.

GlaxoSmithKline (GSK) opened at $36.17 on Friday. The company has a market capitalization of $89,230.00, a PE ratio of 42.06, a price-to-earnings-growth ratio of 2.31 and a beta of 0.98. GlaxoSmithKline has a twelve month low of $34.52 and a twelve month high of $44.53. The company has a current ratio of 0.64, a quick ratio of 0.44 and a debt-to-equity ratio of 2.96.

GlaxoSmithKline (NYSE:GSK) last announced its earnings results on Wednesday, February 7th. The pharmaceutical company reported $0.72 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.03. The firm had revenue of $10.14 billion for the quarter, compared to the consensus estimate of $9.89 billion. GlaxoSmithKline had a return on equity of 115.30% and a net margin of 7.79%. equities analysts anticipate that GlaxoSmithKline will post 2.96 earnings per share for the current fiscal year.

Several research firms recently weighed in on GSK. UBS Group raised GlaxoSmithKline from a “neutral” rating to a “buy” rating and raised their price objective for the company from $35.04 to $35.85 in a report on Monday, November 27th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of GlaxoSmithKline in a report on Monday, January 29th. Cowen set a $38.00 price objective on GlaxoSmithKline and gave the company a “hold” rating in a report on Monday, December 11th. ValuEngine downgraded GlaxoSmithKline from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Finally, Barclays raised GlaxoSmithKline from an “equal weight” rating to an “overweight” rating in a report on Tuesday, January 16th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company’s stock. GlaxoSmithKline currently has an average rating of “Hold” and a consensus target price of $38.57.

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About GlaxoSmithKline

GlaxoSmithKline plc is a global healthcare company. The Company operates through three segments: Pharmaceuticals, Vaccines and Consumer Healthcare. The Company focuses on its research across six areas: Respiratory diseases, human immunodeficiency virus (HIV)/infectious diseases, Vaccines, Immuno-inflammation, Oncology and Rare diseases.

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